| MJ latest price $27.3800 (0.85%) ($27.3400 - $27.4100) on Fri. Feb. 10, 2017. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.65% (three month average) |
RSI | 80 |
Latest Price | $27.3800(0.85%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.3% a day on average for past five trading days. |
Weekly Trend | MJ advances 2.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IYT(43%) IVE(35%) IWD(35%) VT(34%) VYM(34%) |
Factors Impacting MJ price | MJ will decline at least -0.825% in a week (0% probabilities). UUP(-15%) VIXM(-14%) TLT(-13%) SHY(-2%) IPO(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.825% (StdDev 1.65%) |
Hourly BBV | 0 () |
Intraday Trend | 0.1% |
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